Final answer:
Resources given up in order to create goods or services that will bring current or future economic benefits are called sunk costs.
Step-by-step explanation:
The subject of this question is Business.
Resources given up (measured in monetary terms) in order to create goods or services that will bring current or future economic benefits are called sunk costs.
For example, if a company invests a certain amount of money to develop new technology, and later decides not to implement it, the initial investment becomes a sunk cost because it cannot be recovered.